India’s induction furnace (IF) steel market witnessed mixed trends on 26 Apr’22 as offers from the medium-sized mills varied in the range of INR 50-1,200/tonne (t) d-o-d.
Sponge iron and billet prices varied in the range of INR 50-1,000/t following a major drop of INR 1,000/t in the Chennai’s billet market.
Also, rebar (Fe 500) offers decreased in the range of INR 400-1,200/t across regions. Prices fell sharply in Delhi-NCR and Muzaffarnagar by INR 1,200/t.
Coal prices today remained on the higher side and sellers are willing to raise offers despite limited bids. However, trade volumes didn’t improve throughout the day in major locations.
Click here for re-bar brand wise details
SteelMint’s price assessment (Region wise)
Leave a Reply